VISION KZP: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VISION KZP
Largest movements
- Cash -€112,056
down €112,056 (-66.0%), from €169,790 to €57,733
mainly Debts after one year (-€179,876) and Net result for the year (-€26,303)
- Tangible fixed assets -€80,332
down €80,332 (-3.3%), from €2.4m to €2.4m
of which Land and buildings: -€63,420
- Debts after one year -€179,876
down €179,876 (-8.3%), from €2.2m to €2.0m
- Gross operating margin +€70,006
up €70,006 (+82.2%), from €85,210 to €155,216
- Depreciation -€24,619
down €24,619 (-23.5%), from €104,951 to €80,332
- Financial charges -€21,293
down €21,293 (-20.1%), from €106,192 to €84,899
- Other operating charges +€15,777
up €15,777 (+3,091%), from €510 to €16,287
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,663,792 | €2,471,098 | -€192,694 | -7.2% |
| Fixed assets | 21/28 | €2,446,393 | €2,366,061 | -€80,332 | -3.3% |
| Tangible fixed assets | 22/27 | €2,445,943 | €2,365,611 | -€80,332 | -3.3% |
| Land and buildings | 22 | €2,229,439 | €2,166,019 | -€63,420 | -2.8% |
| Plant, machinery and equipment | 23 | €25,636 | €22,026 | -€3,609 | -14.1% |
| Furniture and vehicles | 24 | €190,869 | €177,566 | -€13,303 | -7.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €217,399 | €105,037 | -€112,362 | -51.7% |
| Amounts receivable within one year | 40/41 | €47,392 | €47,303 | -€89 | -0.2% |
| Trade receivables | 40 | €21,463 | €21,463 | = | 0.0% |
| Other amounts receivable | 41 | €25,929 | €25,840 | -€89 | -0.3% |
| Cash at bank and in hand | 54/58 | €169,790 | €57,733 | -€112,056 | -66.0% |
| Deferred charges and accrued income | 490/1 | €217 | €0 | -€217 | -100% |
| Total equity and liabilities | 10/49 | €2,663,792 | €2,471,098 | -€192,694 | -7.2% |
| Equity | 10/15 | €373,557 | €347,254 | -€26,303 | -7.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,444 | -€152,746 | -€26,303 | -20.8% |
| Amounts payable | 17/49 | €2,290,236 | €2,123,844 | -€166,392 | -7.3% |
| Amounts payable after more than one year | 17 | €2,167,890 | €1,988,014 | -€179,876 | -8.3% |
| Financial debts | 170/4 | €2,167,890 | €1,988,014 | -€179,876 | -8.3% |
| Amounts payable within one year | 42/48 | €91,452 | €107,830 | +€16,378 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €76,742 | €79,876 | +€3,134 | +4.1% |
| Trade debts | 44 | €5,076 | €20,635 | +€15,559 | +307% |
| Suppliers | 440/4 | €5,076 | €20,635 | +€15,559 | +307% |
| Taxes, remuneration and social security | 45 | €9,635 | €7,319 | -€2,315 | -24.0% |
| Taxes | 450/3 | €9,635 | €7,319 | -€2,315 | -24.0% |
| Accrued charges and deferred income | 492/3 | €30,893 | €28,000 | -€2,893 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,951 | €80,332 | -€24,619 | -23.5% |
| Other operating charges | 640/8 | €510 | €16,287 | +€15,777 | +3,091% |
| Gross operating margin | 9900 | €85,210 | €155,216 | +€70,006 | +82.2% |
| Operating profit (loss) | 9901 | -€20,251 | €58,597 | +€78,848 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €106,192 | €84,899 | -€21,293 | -20.1% |
| Recurring financial charges | 65 | €106,192 | €84,899 | -€21,293 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€126,444 | -€26,303 | +€100,141 | +79.2% |
| Profit (loss) for the period | 9904 | -€126,444 | -€26,303 | +€100,141 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,444 | -€26,303 | +€100,141 | +79.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.